团结香港基金：香港房屋趋势导航2026（英文版）（44页）.pdf

1、Hong Kong HousingLandscape Navigator 2026April 20261212Private Housing Market ReviewPrivate Housing Market Outlook3Public Housing Policy SpotlightPart One:Private Housing Market Review3 Our Hong Kong Foundation Limited.All Right Reserved.Note:1 Based on statistics of agreements for sale and purchase

2、 of residential building unitsSources:Rating and Valuation Department,Land Registry,and Our Hong Kong Foundation 4RVD Private Domestic Price Index vs.transaction volume 1,2020 2025Transaction volumeYear30,00035,00040,00045,00050,00055,00060,00065,00070,00075,00080,00025027530032535037540020202021202

3、2202320242025Private Domestic Price Index(LHS)+18.3%+3.3%Transaction volume(RHS)Private Domestic Price Index(1999=100)2025 marked a year of stabilisation and modest recovery after a three-year correction,evident by price and volume growth Our Hong Kong Foundation Limited.All Right Reserved.1.0%2.6%2

4、.9%2.9%4.1%0.0%0.5%1.0%1.5%2.0%2.5%3.0%3.5%4.0%4.5%Class D100 m2 to 159.9 m2Class C70 m2 to 99.9 m2Class B40 m2 to 69.9 m2Class E160 m2 or aboveClass ALess than 40 m2Private housing price growth in 2025 was primarily driven by Class A units,with these small units outperforming the market5Year-on-yea

5、r price growth by unit class,2025Sources:Rating and Valuation Department,Our Hong Kong Foundation Class A(Less than 40 m2)Class E(160 m2or above)Class B(40 m2to 69.9 m2)Class C(70 m2to 99.9 m2)Class D(100 m2to 159.9 m2)Percentage growthUnit typeMarket average+3.3%Our Hong Kong Foundation Limited.All

6、 Right Reserved.Transaction growth in 2025 was led by sub-HK$4M units,fuelledby the expanded HK$100 stamp duty cap in 2025/26 BudgetSources:Land Registry,Our Hong Kong Foundation 66.9%14.2%18.3%29.4%0.0%5.0%10.0%15.0%20.0%25.0%30.0%10 or above7 to less than 104 to less than 7Less than 4Year-on-year